“Without the incentives, it is cheaper to import solar panels so we'll produce according to demand,” Adalberto Maluf, BYD's marketing director told Recharge.

Maluf said that it has pre-commercial agreements for delivery of panels for about 30% of the 929MW of AC capacity contracted in last week's auction, 15% of the 833MW won in August, and around 30% of the 890MW contracted in October 2014.

These